Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied significantly during the trading session on Wednesday again, testing the 2970 level yet again.

The NASDAQ 100 has exploded to the upside during the trading session yet again on Wednesday, slicing through the top of the gap.

AUD/USD: AUD is a relatively strong currency

Despite new forecasts for a more severe recession in the Indian economy than previously anticipated, coupled with increasing doubt over the ₹20 trillion spending package

USD/JPY: Weakly bullish with strong USD

BTC/USD: Wide consolidation below $10,000

GBP/USD: Pound one of the weakest risk currencies

EUR/USD: Yet strong resistance above 1.1000

Silver markets have rallied a bit initially during the trading session on Wednesday, breaking above the $18.00 level.

Bitcoin markets have gone back and forth during trading again on Wednesday as the $10,000 level above continues offer significant resistance.

Gold markets have been pretty choppy during the trading session on Wednesday, gapping higher to kick off the session before pulling back to fill the gap and then rallying again

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Wednesday, as we simply cannot keep this market down.

Over the past 24 hours, new global Covid-19 infections recorded the highest single-day increase, per statistics presented by the World Health Organization.

New Zealand Prime Minister Ardern suggested a four-day workweek as part of a post-Covid-19 economic recovery plan.

Preliminary PMI reports out of Australia for May show the manufacturing sector contraction at a steeper rate than in April,